Community Memorial Hospital Inc
Community Memorial Hospital Inc. experiences a net loss in 2023 despite revenue growth, maintaining 0% reported officer compensation.
EIN: 150548010 · Hamilton, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $67.6M |
| Total Expenses | $62.7M |
| Program Spending | 90% |
| Net Assets | $20.1M |
| Transparency Score | 85/100 |
Is Community Memorial Hospital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Memorial Hospital Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Memorial Hospital Inc
Community Memorial Hospital Inc (EIN: 150548010) is a nonprofit organization based in Hamilton, NY, classified under NTEE code E220. The organization reported total revenue of $67.6M and total assets of $44.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Memorial Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Memorial Hospital Inc is a major nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61.6M |
| Total Expenses | $62.7M |
| Surplus / Deficit | $-1,135,440 |
| Total Assets | $35.6M |
| Total Liabilities | $15.5M |
| Net Assets | $20.1M |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 43.6% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Community Memorial Hospital Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 43.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Memorial Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | +8.6% | -4.6% |
| 2022 | +7.9% | +11.5% | -12.0% |
| 2021 | +20.8% | +11.8% | +14.1% |
| 2020 | +3.1% | +2.6% | +59.1% |
| 2019 | +9.8% | +4.5% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Memorial Hospital Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Community Memorial Hospital Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.6%.
Executive Compensation Analysis
Community Memorial Hospital Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and revenue, suggesting either a unique compensation structure or that compensation is reported differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Community Memorial Hospital Inc's IRS 990 filings:
- Net loss reported in the latest filing (202312: Expenses=$62,725,072, Revenue=$61,589,632)
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and could indicate a lack of transparency in reporting executive pay or a unique compensation structure.
Strengths
The following positive indicators were identified for Community Memorial Hospital Inc:
- Significant growth in revenue over the past decade, from $41,935,702 in 2014 to $61,589,632 in 2023.
- Assets have grown substantially, from $21,229,987 in 2014 to $35,595,283 in 2023, indicating increased capacity or financial backing.
- Primary focus on program services (healthcare) as indicated by NTEE code E220 and the absence of reported officer compensation, suggesting resources are directed towards its mission.
Frequently Asked Questions about Community Memorial Hospital Inc
Is Community Memorial Hospital Inc a legitimate charity?
Community Memorial Hospital Inc (EIN: 150548010) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $67.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Community Memorial Hospital Inc spend its money?
Community Memorial Hospital Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Community Memorial Hospital Inc tax-deductible?
Community Memorial Hospital Inc is registered as a tax-exempt nonprofit (EIN: 150548010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Community Memorial Hospital Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Community Memorial Hospital Inc is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Memorial Hospital Inc located?
Community Memorial Hospital Inc is headquartered in Hamilton, New York and files with the IRS under EIN 150548010. It is classified under NTEE code E220.
How many years of IRS 990 filings does Community Memorial Hospital Inc have?
Community Memorial Hospital Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $67.6M in total revenue.
Is Community Memorial Hospital Inc. financially stable?
While the hospital has seen significant revenue growth and asset accumulation over the past decade, the net loss of $1,135,440 in 2023, following positive net incomes in prior years, suggests a fluctuating financial stability that warrants closer monitoring.
How does Community Memorial Hospital Inc. manage executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, which is highly unusual for a hospital of its size. This could indicate that executive compensation is structured differently (e.g., through a related entity) or not reported in this section of the 990.
What is the trend in Community Memorial Hospital Inc.'s revenue and expenses?
Revenue has generally increased from $41,935,702 in 2014 to $61,589,632 in 2023. Expenses have also risen, exceeding revenue in 2023 ($62,725,072 expenses vs. $61,589,632 revenue), leading to a net loss, a reversal from the positive net incomes in 2021 and 2022.
Filing History
IRS 990 filing history for Community Memorial Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Memorial Hospital Inc's revenue has grown by 49.4%, moving from $41.2M to $61.6M. Total assets increased by 77.9% over the same period, from $20.0M to $35.6M. Total functional expenses rose by 46.4%, from $42.8M to $62.7M. In its most recent filing year (2023), Community Memorial Hospital Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $15.5M in liabilities against $35.6M in assets (debt-to-asset ratio: 43.6%), resulting in net assets of $20.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61.6M | $62.7M | $35.6M | $15.5M | — | — |
| 2022 | $63.8M | $57.8M | $37.3M | $15.8M | — | View 990 |
| 2021 | $59.2M | $51.8M | $42.4M | $30.5M | — | View 990 |
| 2020 | $49.0M | $46.4M | $37.2M | $31.6M | — | View 990 |
| 2019 | $47.5M | $45.2M | $23.4M | $19.1M | — | View 990 |
| 2018 | $43.3M | $43.2M | $22.4M | $18.0M | — | View 990 |
| 2017 | $43.4M | $45.2M | $22.5M | $17.9M | — | View 990 |
| 2016 | $40.8M | $43.2M | $22.3M | $13.8M | — | View 990 |
| 2015 | $42.6M | $41.6M | $23.7M | $13.7M | — | View 990 |
| 2014 | $41.9M | $44.2M | $21.2M | $12.1M | — | View 990 |
| 2013 | $43.2M | $42.0M | $22.9M | $10.9M | — | View 990 |
| 2012 | $41.3M | $40.9M | $19.7M | $11.6M | — | View 990 |
| 2011 | $41.2M | $42.8M | $20.0M | $12.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61.6M, expenses of $62.7M, and assets of $35.6M (revenue -3.5% year-over-year).
- 2022: Revenue of $63.8M, expenses of $57.8M, and assets of $37.3M (revenue +7.9% year-over-year).
- 2021: Revenue of $59.2M, expenses of $51.8M, and assets of $42.4M (revenue +20.8% year-over-year).
- 2020: Revenue of $49.0M, expenses of $46.4M, and assets of $37.2M (revenue +3.1% year-over-year).
- 2019: Revenue of $47.5M, expenses of $45.2M, and assets of $23.4M (revenue +9.8% year-over-year).
- 2018: Revenue of $43.3M, expenses of $43.2M, and assets of $22.4M (revenue -0.3% year-over-year).
- 2017: Revenue of $43.4M, expenses of $45.2M, and assets of $22.5M (revenue +6.4% year-over-year).
- 2016: Revenue of $40.8M, expenses of $43.2M, and assets of $22.3M (revenue -4.3% year-over-year).
- 2015: Revenue of $42.6M, expenses of $41.6M, and assets of $23.7M (revenue +1.6% year-over-year).
- 2014: Revenue of $41.9M, expenses of $44.2M, and assets of $21.2M (revenue -3.0% year-over-year).
- 2013: Revenue of $43.2M, expenses of $42.0M, and assets of $22.9M (revenue +4.7% year-over-year).
- 2012: Revenue of $41.3M, expenses of $40.9M, and assets of $19.7M (revenue +0.2% year-over-year).
- 2011: Revenue of $41.2M, expenses of $42.8M, and assets of $20.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Memorial Hospital Inc:
Data Sources and Methodology
This transparency report for Community Memorial Hospital Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.